The post Warren Buffett To Retire, Will Berkshire Hathaway Embrace Bitcoin appeared on BitcoinEthereumNews.com.

Warren Buffett, the Founder and CEO of Berkshire Hathaway, and a known critic of Bitcoin (BTC) is set to step down from his role with the company. As revealed during the firm’s Annual Meeting, Buffett will step down by the end of this year after about 60 years of leading the company. This update marks a major shift in the company’s history and the future of Bitcoin, the new sensation among some Wall Street firms. The Warren Buffett Retirement Shocker The billionaire investor shocked shareholders with the news of his departure on May 3 as reported by Yahoo! Finance. He built Berkshire Hathaway into one of the biggest companies in the US and remained a major voice many listen to.  During the Annual Meeting, he said Greg Abel, the company’s Vice Chairman, is his top pick to succeed him. While he said the update was not known to Abel before now, he said he may still be around to play some minor roles in the company. However, he noted that Abel will have the final say in the firm. Meanwhile, he commented on the ongoing US-China trade war under the Donald Trump administration. While he failed to pick sides, he noted that the country “should be looking to trade with the rest of the world,” and that trade should not be a weapon. While the transition process will occur internally, the implications for Bitcoin and crypto remain unknown. Will Berkshire Hathaway Embrace Bitcoin Post Buffett Era? Beyond his business acumen in the TradFi world, Buffett gained popularity for his dislike of Bitcoin. While he has a stake in Brazilian crypto finance firm Nu Bank, he has consistently criticized Bitcoin as an asset class. With many now looking up to Greg Abel’s era, it remains unknown if the company will make…

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Filed under: News - @ May 3, 2025 7:25 pm